Stock market says: revenue increase with more spending cuts is the way to go.

CNBC's Mad Money's Cramer says: "That’s because if a deal is reached that trims spending and raises taxes to the point where the US avoids a downgrade, then the market’s a “coiled spring,” Cramer said. And that’s the short-seller’s worst nightmare."

I agree. The US currently pays less in taxes than other developed economies. Way less than when Regan was president. We should be auguring about the ratio. Maybe 1 to 3 or something. (For any tea party readers out there that means $1 revenue increase for every $3 in spending cuts). Any rational gov't will be able to compromise. When a group is willing to take the nuclear option to make a point and the country lets them the gov't has failed.

I know the Tea Party is failing us. How do I know? The Greeks, of all people, are giving us financial advice! Gold is up. The cost of financing our existing debt in increasing.

At this point we have already lost credibility and money. US bonds have already lost value. The fact that our gov't has allowed itself to be held hostage by the radical right has already cost us billions. Stop the bleeding! Raise revenue. Pay the stupid bill. We already spent the money and have agreed to pay it. It is like buying something with your credit card then telling Visa that maybe you won't pay them back. Maybe you will. First you have to vote on whether or not you will pay your bills.

Hearing the tepid arguments made by the T Party makes me cringe. How stupid do we want to look? Why not just hand the Chinese keys to the world economy? Look, the point has been made. Most of us have already been there. Done that. To pay off our credit card bills we have to spend less. We also have to continue to make our payments! To really get the debt down quickly, to pay off the loan faster than expected, we have to increase payments.

Cutting taxes does not raise revenue. Both Bushes have given us ample evidence. The hated, cursed stimulus package was half tax cuts! What, did we forget already?